Jan Dhan Yojana — Prelims Questions

Which of the following statements about Pradhan Mantri Jan Dhan Yojana (PMJDY) is/are correct? 1. It aims to provide universal access to banking facilities for every unbanked adult. 2. All Jan Dhan accounts are mandatorily zero-balance accounts. 3. The overdraft facility under PMJDY is available immediately upon account opening. 4. RuPay debit card issued under PMJDY includes an accident insurance cover of ₹1 lakh for all accounts. Select the correct answer using the code given below:

The 'JAM Trinity' is often associated with the success of Pradhan Mantri Jan Dhan Yojana (PMJDY). What does 'JAM' stand for?

Consider the following statements regarding the overdraft (OD) facility under PMJDY: 1. The maximum overdraft limit is ₹10,000. 2. This facility is available only to women account holders. 3. The account must be satisfactorily operated for at least six months to avail the OD facility. Which of the statements given above is/are correct?

Which of the following policy documents or committees significantly influenced the design and implementation of financial inclusion initiatives in India, including PMJDY? 1. Rangarajan Committee on Financial Inclusion 2. National Strategy for Financial Inclusion (NSFI) 2019-2024 3. Financial Inclusion Plan (FIP) 2010 4. Urjit Patel Committee Report on Monetary Policy Framework Select the correct answer using the code given below:

Which of the following is NOT a direct benefit or feature of a Pradhan Mantri Jan Dhan Yojana (PMJDY) account?